Tariffs imposed by the Trump administration have a small, negative impact on gross domestic product growth, according to economists, the Congressional Budget Office, the International Monetary Fund and the top White House economic adviser. That contradicts President Donald Trump’s repeated claim that the tariffs have boosted the GDP.
The U.S. does not currently have economic “growth over 4 percent,” as White House counselor Kellyanne Conway claimed recently.
Statistical measures of how things have changed since the president took office.
The White House is claiming the economy grew 3.1 percent last year, but it is spinning the numbers — focusing on a little-used measure to make the economy look a little more robust than it does measured the usual way.
Statistical measures of how things have changed since the president took office.
Statistical measures of how things have changed since the president took office.
The estimated second quarter gross domestic product growth rate of 4.1 percent is not “record” or “close-to-record GDP,” as President Donald Trump recently claimed.
In an interview with The Sun in England, President Donald Trump claimed “the GDP since I’ve taken over has doubled and tripled.” It hasn’t. Not even close.
President Donald Trump exaggerated the size of the defense budget in a couple of ways in recent speeches.
Speaking to a crowd in West Virginia, President Donald Trump oversold the economic progress in the Mountain State.